Boeing begins major assembly of first new 777 Freighter

Boeing mechanics began major assembly of the new 777 Freighter at the company’s Everett, Wash., facility on January 29th. The first 777 Freighter will be delivered to launch customer Air France in the fourth quarter of 2008. “Our vision to develop the 777 Freighter as the world’s most capable twin-engine cargo airplane is now becoming a reality with the start of major assembly,” said Kim Pastega, deputy program manager and engineering leader, 777 Freighter Program. “Our customers and suppliers worked closely with us to reach this important milestone.”

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BAE Systems reports strong market for Jetstream 41

BAE Systems Regional Aircraft confirms that the market for its portfolio Jetstream 41 remains buoyant and that during 2007 a total of 22 transactions were completed, more than double the 2006 total. Previously confirmed transactions included new leases for 11 aircraft with Eastern Airways of the UK – the world’s largest fleet operator of the type – the lease of four aircraft to new Colombian operator EasyFly S.A. and a lease extension for one aircraft with SA Airlink of South Africa. Regional Aircraft announces the following new 2007 transactions: Capital Aviation Holdings has purchased three aircraft (msn 41055, 41058 and Read more

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Finnish carrier BLUE1 extends RJ85 lease with BAE Systems

Finnish regional carrier Blue1, which is a member of the SAS Group, has signed a long-term lease extension with BAE Systems Regional Aircraft on one RJ85 (msn E2392). This lease will see the aircraft operating in the Blue1 fleet well into the next decade. This transaction follows a deal announced in October last year under which Blue1 extended leases on four other RJ85s in its fleet. At the same time it was confirmed that two other RJ85s currently operating with Blue1 are being returned to BAE Systems for onward lease to BA CityFlyer from Spring 2008. It is also confirmed Read more

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Northwest Airlines reports fourth quarter net loss of $8 million

Northwest Airlines reported a 2007 pre-tax profit of $764 million before reorganization items, a 154 percent improvement over its 2006 pre-tax income of $301 million before reorganization items. For the fourth quarter 2007, Northwest reported a net loss of $8 million. Results for the fourth quarter include a $14 million pre-tax loss associated with the sale of its remaining equity interest in Pinnacle Airlines. Excluding this item, Northwest

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TUI Travel plans to merge Germanwings, Eurowings and TUIfly

TUI Travel PLC has signed a Memorandum of Understanding with Deutsche Lufthansa AG and Albrecht Knauf Industriebeteiligung GmbH, allowing the parties to proceed with plans to merge their subsidiaries Hapag-Lloyd Fluggesellschaft GmbH, Hapag-Lloyd Express GmbH, Germanwings GmbH and Eurowings Luftverkehrs AG under a joint and independent holding company. The prerequisites for the conclusion of legally binding agreements will be a due diligence process and negotiations of the specific details. The merger will require approval by the relevant bodies of the companies involved and by the anti-trust authorities.

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Continental Airlines to offer live television and e-mail on domestic flights

Continental Airlines has entered into an agreement with LiveTV, that will allow Continental to offer 36 channels of live, inflight satellite-based television programming provided by DIRECTV, the nation’s leading satellite television provider, at every seat on Continental’s new generation aircraft. The service is expected to be available to customers on flights operating within the continental United States beginning in January 2009. In addition, Continental will be introducing onboard Wi-Fi services including e-mail and instant messaging connectivity offered by LiveTV.

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